tag:blogger.com,1999:blog-18675105.post115143910012789887..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Doctor, your next patient, America, is here to see youbloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-18675105.post-1151475410106616522006-06-28T07:16:00.000+01:002006-06-28T07:16:00.000+01:00Thank god for Californians.A few of your neighbors...Thank god for Californians.<BR/><BR/>A few of your neighbors in GJ would be SOL without them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1151467889173919892006-06-28T05:11:00.000+01:002006-06-28T05:11:00.000+01:00Here in zip code 81503 the crazies still rule. Two...Here in zip code 81503 the crazies still rule. Two recent sales involved a 3500 SF house for $495K which sat vacant for a year before some CA buyer snapped it up. I guess he never bothered to ask why it sat empty for so long. Apparently in his mind it was a "bargain".<BR/><BR/>The real hoot though was a much smaller home (2800 SF) on the same street that was listed at $480K. After three months it sold for $450K, again to a buyer from CA. Are these people nuts? Where the heck are these appraisals coming from?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1151464755973096922006-06-28T04:19:00.000+01:002006-06-28T04:19:00.000+01:00Send the buyers to see the Doctor.I've been trying...Send the buyers to see the Doctor.<BR/><BR/>I've been trying to sell the condo I bought to flip last year in AZ.<BR/><BR/>Had to drop my price 10K below all the other units in the building to get an offer.<BR/><BR/>The offer I got represented a $48,400 net investment loss; and would require me to pay $18,400 at closing to sell, plus my orignal $30K down on the prop is gone.<BR/><BR/>I'm real scared that if I don't sell now, I'm going to lose even more money so I accepted the only offer I got a three weeks ago. Yesterday my broker called me to tell me that the contract fell through and wanted to know if I wanted to reduce my price even more to attract a new offer. I said no and was real mad. I wanted my broker to force the buyer to buy because the buyer signed the contract. My broker told me that the contract was contingent on the buyer's financing; and that the lender changed the requirements and demanded the buyer come up with 20% down to qualify. The buyer was expecting to get a no-money down loan.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1151450926357022682006-06-28T00:28:00.000+01:002006-06-28T00:28:00.000+01:00Actually, denial will need more loops. How many pe...Actually, denial will need more loops. How many people REFUSE to believe their house has gone down in value?!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1151439627253199872006-06-27T21:20:00.000+01:002006-06-27T21:20:00.000+01:00There needs to be a few "loops" at the depression ...There needs to be a few "loops" at the depression stage....Roccmanhttps://www.blogger.com/profile/13941353492023923157noreply@blogger.com